Comments on: Five ‘Investments’ to Avoid http://www.theamateurfinancier.com/blog/five-investments-to-avoid/ Thoughts on Money, Investing and Life Thu, 18 Mar 2010 01:07:15 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Roger http://www.theamateurfinancier.com/blog/five-investments-to-avoid/#comment-142 Roger Thu, 07 May 2009 15:52:24 +0000 http://www.theamateurfinancier.com/blog/?p=435#comment-142 Fair points, MLR. Of the four examples I have listed (besides the 'anything you don't understand'), collectibles are probably the ones with the most potential of being turned into a legitimate money-maker, at least by someone with the proper knowledge and connections. There IS money to be made, especially if you act as a dealer to other collectors (as your friend did). The comments about it not being an investment were directed at anyone who thinks that a shoebox full of baseball cards in his basement could double as a retirement fund. Making money off collectibles requires expertise in order to properly evaluate your purchases and determine reasonable selling prices, which I alluded to in my original post. All of that said, kudos to your friend on his success! Fair points, MLR. Of the four examples I have listed (besides the ‘anything you don’t understand’), collectibles are probably the ones with the most potential of being turned into a legitimate money-maker, at least by someone with the proper knowledge and connections. There IS money to be made, especially if you act as a dealer to other collectors (as your friend did). The comments about it not being an investment were directed at anyone who thinks that a shoebox full of baseball cards in his basement could double as a retirement fund. Making money off collectibles requires expertise in order to properly evaluate your purchases and determine reasonable selling prices, which I alluded to in my original post.

All of that said, kudos to your friend on his success!

]]> By: MLR http://www.theamateurfinancier.com/blog/five-investments-to-avoid/#comment-140 MLR Wed, 06 May 2009 23:46:53 +0000 http://www.theamateurfinancier.com/blog/?p=435#comment-140 I could agree with collectibles if #5 is true, too (you don't understand them). I used to sell things on eBay for a guy in high school. He collected stamps, coins, and miscellaneous other things. He earned $100,000/year PROFIT just by doing that. So the money is there if you know what you are doing. I could agree with collectibles if #5 is true, too (you don’t understand them).

I used to sell things on eBay for a guy in high school. He collected stamps, coins, and miscellaneous other things.

He earned $100,000/year PROFIT just by doing that.

So the money is there if you know what you are doing.

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